DPW publishes Listings prospectus

It is anticipated that, subject to the approval of the UK Listing Authority, the first day of trading will be next Wednesday, 1 June, with the company believing that a dual listing between London and Nasdaq Dubai will help attract a broader range of investors.

DP World’s operational performance has been strong since listing in 2007, outperforming the industry, in part because 75% of its container volumes come from the faster growing emerging markets led by a strong performance in its flagship terminal Jebel Ali in the UAE.

On 11 May this year, DPW announced that the return to sustained container volume growth which was seen in 2010 had continued into the current year; first quarter figures showed gross volumes grew by 12% to 12.6m teu across its 49 operational terminals.